Software wallet · only you hold the keys

Trust Wallet review: wide coin support and the Binance question

Trust Wallet is a free self-custody app and browser extension covering more than 100 blockchains, XRP, Cardano and dogecoin included. Binance bought it in 2018 and says it has neither owned nor controlled it since May 2025.

Go to trustwallet.com Buying first? Compare platforms

By PlatformCrypto.eu editorial team · checked on 13 October 2026

Trust Wallet at a glance

Our verdict

Pros

Holds nearly every coin with its own page on this site, including XRP, Cardano, dogecoin and Polkadot.
No Trust Wallet fee on purchases made through its partner providers.
Named by Bitvavo and Kraken for signature-based address checks.
Its key library, Wallet Core, is open source under Apache 2.0.

Cons

A malicious extension update drained 2,520 addresses in December 2025; reimbursement was still under way in July 2026.
The terms of service name no company, and the current owner has not been officially disclosed.
Its own pages describe swap costs inconsistently.

Type and price

Software wallet

App
Browser extension

Free app

Our coins

21 of our 21 coins

Coins with their own page on this site. Greyed out and struck through: Trust Wallet cannot hold it itself. Checked on 13 October 2026.

Security

Only you hold the keys
Partly open source

More than 200 million usersaccording to Trust Wallet, as seen on 13 October 2026

Ownership: from a Binance purchase to an undisclosed owner

Trust Wallet launched in 2017 as a mobile wallet and now also comes as an extension for Chrome, Brave, Edge and Opera, though not for Firefox or Safari. It says more than 200 million people trust it, without defining what counts as a user.

Binance bought the wallet in 2018. According to Binance Academy, Trust Wallet has not been owned or controlled by the Binance Exchange Group since May 2025. Who owns it instead is not stated on trustwallet.com. The terms of service refer only to "Trust Wallet, and/or its affiliates" under Hong Kong law, while the privacy notice names Dapps Platform Bahrain W.L.L. as data controller. Several news outlets call it a company of Binance founder Changpeng Zhao.

Binance itself is not on ESMA's register of MiCA-authorised providers; our page on Binance alternatives in Europe explains what that means. The wallet is a separate question. As self-custody software it falls outside MiCA under recital 83, so no authorisation is involved either way. Our comparer only covers buying on licensed exchanges.

Coin and network coverage

Trust Wallet lists more than 100 blockchains. That breadth shows in our coin list: it can hold nearly all of them, among them XRP, Cardano, dogecoin, litecoin, Polkadot, Sui, Stellar, NEAR, Bitcoin Cash and TRX. The exception is Hedera: HBAR does not appear in Trust Wallet's network list, so we mark it as unconfirmed rather than supported.

EVM networks such as Ethereum, BNB Smart Chain, Base and Avalanche C-Chain share one 0x address. Bitcoin, XRP, Solana and Cardano each get an address of their own.

Fees: buying through providers, swapping in the rate

Sending: only the network fee, which goes to validators or miners, not to Trust Wallet.
Buying: the Buy button redirects you to a third-party on-ramp such as MoonPay, Banxa, Mercuryo, Ramp or Transak. Each covers different countries and coins, sets its own fees and performs its own identity check. Trust Wallet says it takes nothing from the purchase.
Swapping: costs are built into the quoted rate. Trust Wallet's swap page says it adds no extra service fee, while its own comparison page lists a 0.7% swap fee "in rate". Whatever the label, the quote you confirm shows the result.

The December 2025 extension hack

On 24 December 2025 a malicious version 2.68 of the extension appeared in the Chrome Web Store, published outside Trust Wallet's normal release process. Trust Wallet links it to the Sha1-Hulud supply-chain attack of November 2025, which exposed developer secrets including its Chrome Web Store key. Anyone who opened and unlocked version 2.68 between 24 and 26 December was at risk. Trust Wallet counted 2,520 drained addresses and about $8.5 million in assets linked to the attackers.

The company restored a clean build as version 2.69 and decided to reimburse affected users voluntarily. Its update of 17 July 2026 described more than 5,000 claims, many duplicated or false, still being reviewed case by case. Changpeng Zhao wrote on X on 26 December 2025 that Trust Wallet would cover the losses.

This was not the extension's first flaw. In April 2023 Trust Wallet disclosed that addresses it had generated between 14 and 23 November 2022 were predictable because of a bug in a WebAssembly module, and it offered compensation then as well.

Security basics

A new wallet comes with a 12-word recovery phrase. The terms state that Trust Wallet does not receive or keep your password, private key or phrase. Wallet Core, the library that derives keys and builds transactions for each chain, is published under the Apache 2.0 licence; we found no public repository for the app or the extension themselves.

Withdrawing from a European exchange to Trust Wallet

EU exchanges must check that you control a self-hosted address before sending more than €1,000 to it, and some ask for smaller amounts too. Trust Wallet is one of the wallets they name. Bitvavo lists it in its WalletConnect guide, and Kraken accepts a signature from it through Reown, the renamed WalletConnect, for EVM accounts. Kraken's mobile app cannot yet verify bitcoin or Solana addresses that way, so use the web version for those.

For XRP and other coins that use a memo or tag, you rarely need one when the address is your own. If you used extension 2.68, Trust Wallet's advice is to move funds to a newly created wallet, and to file claims only through its official support form. It never asks for your phrase, keys or password. Compare Trust Wallet with the Ledger review, MetaMask review and the other crypto wallets we cover.

In four steps

Moving crypto to Trust Wallet

Buy on a licensed platform
Our comparison shows where your amount buys the most crypto. We only list platforms with a MiCA licence.
Copy your receive address
In Trust Wallet, pick the coin and Receive, then copy the address. After pasting, check all of it: look-alike addresses often differ only in the middle.
Match the network
When you withdraw, choose a network your wallet uses for that coin; the wrong one can cost you the coins. A memo or tag is rarely needed when the address is your own.
Send a small amount first
Once it arrives, send the rest. Above €1,000, and on some platforms sooner, EU rules mean you prove the wallet is yours, for example by signing a message.

Questions about Trust Wallet

Is Trust Wallet owned by Binance?

Binance acquired Trust Wallet in 2018. Binance Academy now states that, as of May 2025, Trust Wallet is no longer owned or controlled by the Binance Exchange Group. Trust Wallet does not publish its current owner; press reports describe it as a company of Binance founder Changpeng Zhao.

Was the Trust Wallet mobile app affected by the 2025 hack?

No. Trust Wallet says only users of browser extension version 2.68 who opened it and logged in between 24 and 26 December 2025 were affected. The mobile app, other extension versions and anyone logging in after 11:00 UTC on 26 December were not.

Does Trust Wallet support Hedera?

We could not confirm it. Hedera is missing from the network list on Trust Wallet's extension page, and a dedicated HBAR page on trustwallet.com returns an error. Check inside the app before sending any HBAR to it.

Does Trust Wallet need MiCA authorisation?

No. Recital 83 of the MiCA Regulation places non-custodial wallet software outside its scope, whoever owns the developer. The on-ramp firms you reach through the app's Buy button are a different case: serving EU customers requires them to hold their own authorisation.

Does Trust Wallet charge fees for buying crypto?

Trust Wallet says it collects no fee on purchases. The provider you are sent to, such as MoonPay, Banxa, Ramp or Transak, sets its own price and fees, and runs its own identity check. Trust Wallet cannot see your transaction details with that provider.

Do I need a destination tag when sending XRP to Trust Wallet?

Usually not, because the XRP address in Trust Wallet belongs to you alone; tags matter when an exchange shares one address between customers. Keep the XRP Ledger reserve in mind: a new address only becomes active once it receives at least 1 XRP.